The Challenge Has Been Issued
For four decades now, the corporate raiders have ruled.
In the 1970s, U.S. stock investors became carnivorous, as the new breed of corporate raiders was hatched. This species, unlike previous institutional investors, did not believe in live and let live. Rather than passively perch on the shoulders of a company and share in its spoils, the raiders instead sought an active role. They would direct the host in its hunting--and if the host did not listen, the raiders would capture it, tear it apart, devour it, and move on to new prey.